PrideStaff
In 1978, George Rogers had a vision, a dream to create a new type of staffing organization—one that offered the resources and expertise of a national firm with the spirit, dedication and personal service of smaller, entrepreneurial firms. The result is PrideStaff, a national staffing organization delivering innovative solutions to the challenges employers face every day. Through a combination of strong leadership at the national and local level, PrideStaff has consistently delivered exceptional service to franchisees, clients and field associates.
With businesses increasingly demanding more "just-in-time" solutions to their hiring needs, and the US Department of Labor forecasting increasing talent shortages over the next 20 years or more, the staffing industry is poised for significant long-term growth. In fact, the staffing industry is forecast to produce more new jobs than any other industry through 2012. And PrideStaff franchisees will be at the forefront of capitalizing on that job growth.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
36 |
26 |
28 |
| | % Change | -- |
-27.8% |
7.7% |
| | Company-Owned |
3 |
4 |
3 |
| | % Change | -- |
33.3% |
-25% |
| | Total |
39 |
30 |
31 |
| | % Change | -- |
-23.1% |
3.3% |
| | Franchised as % of Total |
92.3% |
86.7% |
90.3% |
Investment Required
The initial fee for a PrideStaff franchise is $32,000.
PrideStaff provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$32,000 |
$32,000 |
| |
Business Premises |
$3,600 |
$6,000 |
| |
Leasehold Improvements |
$0 |
$12,000 |
| |
Utility Deposits |
$0 |
$1,500 |
| |
Furnishings |
$3,000 |
$13,500 |
| |
Business Equipment |
$5,000 |
$6,000 |
| |
First Year Skills Testing Software License Fee |
$1,166 |
$2,000 |
| |
Signage |
$1,000 |
$5,000 |
| |
Expenses While Training |
$5,000 |
$6,500 |
| |
Permits, Memberships, Subscriptions |
$500 |
$1,000 |
| |
Business Insurance Premiums |
$1,600 |
$2,000 |
| |
Initial Supplies |
$500 |
$1,000 |
|
Additional Funds (3 Months) |
$109,100 |
$135,100 |
| |
Total Initial Investment |
$162,466 |
$223,600 |
Ongoing Expenses
Pridestaff franchisees pay ongoing royalty fees equal to 35% of gross margin or 6% of net billings plus 21% of direct hire and conversion fees.
What You Get—Training and Support
PrideStaff’s competitive difference is marked by specially developed business management, marketing, training and promotional programs. To ensure consistent quality, franchisees are provided with leading computerized software programs for the evaluation, training and selection of Field Associates. Franchisees tap into PrideStaff’s planned approach to the recruiting process that maximizes access to passive job candidates. Franchisees have access to PrideStaff’s internal applicant tracking and skill matching system, which uses state of the art technology to expedite the order fulfillment process and provide flexible reporting capabilities.
PrideStaff’s award winning direct marketing system provides a step-by-step process for attracting the attention of staffing decision makers and creating opportunities to close business, plus a quality assurance and continuous improvement process guarantees client satisfaction. Through PrideStaff’s corporate intranet, onsite sales and operations training, and the annual PAC conference, franchisees are provided with the most up-to-date techniques to maximize the effectiveness of their sales and servicing activities.
Territory
PrideStaff grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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